Mortgage activities carried on by members of the professions
3. The Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001 is amended as follows—
(a)in article 1(3)(b), for “article 4(h)” substitute “article 6A”;
(b)in article 4, paragraph (h) is revoked;
(c)after article 6 insert—
“6A.—(1) An activity of the kind specified by article 61(1) or (2) of the Regulated Activities Order (regulated mortgage contracts).
(2) Paragraph (1) does not apply to an activity carried on by a person in his capacity as a trustee or personal representative where the borrower under the regulated mortgage contract in question is a beneficiary under the trust, will or intestacy.”